China-US economic ties are mutually beneficial and win-win in nature, said Xi. "Where disagreements and frictions exist, equal-footed consultation is the only right choice," he said.

Xi revealed that the economic and trade teams of the two countries produced "generally balanced and positive outcomes" in the latest round of bilateral trade talks on Wednesday.

"This is good news for the people of the two countries and the world," he said, calling on the two sides to sustain the good momentum that they have worked hard to create.

Noting that China will only open its door wider, Xi said American companies are deeply involved in China's reform and opening up, and the US side is welcome to enhance mutually beneficial cooperation.

"The two sides should implement the important consensus we have reached, and make better use of communication channels in the political, diplomatic and military-to-military fields," Xi said.

The two countries should also expand exchanges and cooperation in areas such as the economy and trade, health, agriculture, tourism, people-to-people ties and law enforcement, he added.